GESS Charitable Trust Annual Report Year ended 5 April 2024 Registered Charity Number: 1151954 GESS Charitable Trust Annual Accounts and Trustees, Report Year Ended 5 April 2024 Contents Page Trustees, Annual Report Receipts and Payments Account Statement of Assets and Liabilities Independent Examinerfs Report GESS Charitable Trust Trustees. Annual Report Year Ended 5 April 2024 The Trustees present their report and the financial statements forthe year ended 5 April 2024. They are satisfied that the financial statements comply with the requirements of the Charities Act 2011, the Trust Deed as described below and the recommendations of the Statement of Recommended Practice. The financial statements have been prepared on the Receipts and Payments basis. Charitable Objects The Foundation's objects are to apply its income for the benefit of exclusively charitable purposes, and to make donations to charitable institutions. at the discretion of the trustees. Public Benefit The Trustee Board has complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Review of Activities and Achievements At S April 2024 the Trust had cash reserves of £26.395, represented by its bank account at National Westminster Bank plc. It plans to make further charitable donations in the year to April 2025. Financial Review During the period the Trust paid charitable donations. in accordance with its charitable objects. of £34,500. The Trust received donations of £25,000. Risk Management The Trustee Board is committed to the identification and management of the major strategic, business and operational risks which the Trust faces. The Trustee Board is tasked with identifying the likelihood and impact of any risks. together with such actions as may be necessary to mitigate such risk5. RÈseryes Policy It is the Trustees, objective that the Trust should maintain a positive level of reserves at all times. Free reserves currently stand at £26,395. which is the bank balance at 5 April 2024. Plans for the Future The Trust expects to continue to make grants broadly in line with previous history. The focus will include local charities. GESS Charitable Trust Trustees. Annual Report (continued) Year Ended 5 April 2024 Structure, Governance and Management Governing document The Trust was created by a deed dated 6 February 2013. It was registered with the Charity Commission {Registration No. 11519541 on 18 March 2013. Organisation The Trustee Board sets and oversees the Trust's strategy and objectives. monitors its effectiveness, and awards grants. The Trust has no employees. Appointment of Trustees The Trustees are members of the Seligman Family. Trustees are appointed by resolution passed at a properly convened meeting of the Trustees. Apart from the first Trustees of the Trust, every Trustee mtjst be appointed for a term of three years. GESS Charitable Trust Trustees. Annual Report {continued) Year Ended 5 April 2024 Reference and Administration Information Official name of Charity: GESS Charitable Trust Charity registration number.. 1151954 Registered office- Awbridge Mead Dunbridge Lane Awbridge Hampshire S051 OGQ Trustees- Mr G Seligman Mr M Seligman Ms V Seligman Bankers.. National Westminster Bank PIC IS Bishopsgate London EC2P 2AP Accountants: Francis Clark LLP Chartered Accountants Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE George Seligman 2025 GESS Charitable Trust Receipts and Payments Account and Statement of Assets and Liabilities Year Ended S April 2024 Total and Unrestricted funds Receipts and Payments Account 2024 2023 Receipts Voluntary receipts Donations Gift aid 25,000 11,225 19,900 36,225 19,900 Payments Charitoble octivities Charitable donations Administration costs 34,500 570 25,500 780 35.070 26,280 Exce$5 of receipts over payments 1.155 16,380) Total funds brought forward 25,240 31,620 Bank balance at 5 April 2024 26,395 25,240 Statement of Assets and Liabilities As at 5 April 2024 Current a55ets Bank balance at 5 April 2024 26,395 25,240 Approved by the Board of Trustees on ZPo- 2025 and signed on its behalf by.. George Seligman Trustee GESS Charitable Trust Independent Examinerfs Report Year Ended 5 April 2024 Independent Examinerfs Report to the Trustees of GESS Charitable Trust for the Year Ended 5 April 2024 I report to the Trustees on my examination of the accounts of GESS Charitable Trust for the year ended 5 April 2024. Responsibilities and basis of report As the Charity Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of the charitvs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directors given by the Charity Commi55ion under section 145(51{b} of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act- or the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tim Lannin FCA Francis Clark LLP Chartered Accountants Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE DATE 28 January 2025